Income & Economy in Owatonna city, MN (55060)
Median Income
$83,848
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+2,101
Wealth inflow
Population
29,601
Unemployment
3.2%
0.5pp below US avg
IRS migration statistics show a net inflow of about 2,101 for ZIP 55060 (Owatonna city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 55060 (2020–Present)
Since 2020, population grew 1.7%, median income rose 2.8% (inflation-adjusted), home values increased 14.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $83,848 |
| Unemployment | 3.2% |
| Establishments | 820 |
| Employees | 17,307 |